Galaxy books HK$2.8b net loss

Galaxy Entertainment (0027) recorded a negative adjusted EBITDA of HK$1.08 billion in the first half, compared with the HK$8.31 billion EBITDA in the same period last year.

First-half net loss was HK$2.85 billion, compared to a net profit of HK$6.68 billion a year before. Net revenue in the first six months plunged by 76 percent year-on-year to HK$6.22 billion.

The companydid not  declare a dividend. "We expect to experience further headwinds from the pandemic, which will have an adverse impact on our financial performance," the company said.